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Source document· May 16, 2026
6 Words From Now-Former Fed Chair Jerome Powell That Will Echo Through Wall Street for Years to Come
View original at finance.yahoo.com6 Words From Now-Former Fed Chair Jerome Powell That Will Echo Through Wall Street for Years to Come You might not realize it, but you've just borne witness to history…
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Trump vocally criticized Powell and FOMC members for not aggressively cutting interest rates to 1% or lower.
60% confidencePowell offered rare commentary on equity valuations in September, an atypical act for a sitting Fed chair whose mandate is price stability and maximum employment — not stock market guidance.
60% confidenceStock market valuations were experiencing irrational exuberance driven by the rapid rise and proliferation of the internet, creating a speculative dynamic in equity prices.
60% confidenceElevated inflation caused by President Trump's tariffs and/or the Iran war meant the FOMC was not in a position to cut rates further.
60% confidence
Data points we hold from this source
| Federal Reserve · employee count | 17 chairs_historically |